📣 In Salto del Guairá, Paraguay, 2,738 cryptocurrency mining units were seized after detecting an unmeasured power connection. The National Electricity Administration (ANDE) used artificial intelligence to uncover electricity theft, valued at 1.1 billion guaraníes ($146,000) per month. 🚨

Paraguay, previously considered a haven for cryptocurrency mining, faces a possible ban on this and other crypto-related activities, pending comprehensive legislation.

Former President Mario Abdo Benítez vetoed a law incentivizing mining, arguing it could detract from rapidly developing national industries. 🏭

Despite threats of a ban, Paraguay remains home to major mining facilities. Do you think the ban will be effective? Comment below! 💬